Daniel Sovocool has extensive experience with self-insurance, insurance and guaranty funds of all types, especially workers’ compensation funds. He represents guaranty funds in federal and state court litigation and before regulatory agencies.
I represent state guaranty funds, primarily self-insurance funds, in connection with litigation and regulatory matters, leveraging nearly 30 years of experience. Clients include the California Self-Insurers’ Security Fund, the California Insurance Guaranty Association, the National Council of Self-Insurers, and many other industry organizations and groups. Recent matters include the successful collateralization of a large retail self-insurer in a merger and acquisition, recourse litigation against actuaries, directors and officers, and other participants in the conservation of the first failed self-insurance group in California, the ongoing prosecution of claims against more than 100 defendants in connection with a failed self-insured professional employer organization (PEO) established by a Native American tribe, and contribution to the successful resolution of highly contested bankruptcy issues threatening the vitality of multiple state guaranty fund programs.
Employers participate in alternatives to standard insurance structures. On the horizon are more state and private self-insurance programs and alternatives to traditional collateral programs, with more credit-based underwriting and guidance.
Cornell University, B.S.
Cornell University Law School, J.D., cum laude
Daniel has been recognized as a "Super Lawyer" by the publishers of the Northern California Super Lawyer magazine for 2004 and 2009. Inclusion in Super Lawyers is based on a peer-review survey.
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